Silver Heritage Casino Nepal
In the past, most of Asia has generally adopted a no-gambling policy and as a result there are very few brick & mortar casinos located in countries like India, Sri Lanka, Mainland China and Bangladesh. After seeing the success of Macau, a number of Asian countries like Singapore, Malaysia and Thailand are looking to relax their gambling laws and invite gambling companies to invest by opening new casinos.
Silver Heritage Group casinos and gambling guide has information like: A Silver Heritage Group casino list, poker tournament listing, information on slots, pari-mutuel (greyhounds & horses), Texas Hold'em, and more. Find owner contact information and view photos of every casino owned by Silver Heritage. Australia-listed casino operator Silver Heritage Group has announced that it has purchased 7.45 hectares (around 18.4 acres) of land in the Jhapa district of eastern Nepal for its second casino-resort in the Himalayan state, which will be named ‘Tiger Palace Resort-Jhapa’.
The Silver Heritage Limited (SHL) recently announced that they have opened out a new casino in Kathmandu, Nepal. The new casino will operate under the name of ‘The Millionaire’s Club & Casino’ which is located at the Shangri La Hotel in Lazimpat. The casino will cater to Nepalese gamblers but also expects to attract a number of foreigners who come to Nepal as tourists.
The Millionaire’s Club & Casino meets all of Nepal’s strict gaming regulations and will operate as a boutique casino. The casino has 40 electronic gaming machines and 22 live gaming tables. The casino might add to the number of live tables and gaming machines based on the response it receives during the first 12 months.
Silver Heritage Casino Nepal Limited
Nepal is located between India and China and attracts a lot of tourists from both these countries who come to see ‘the Himalayas’ and enjoy the serenity that Nepal offers. SHL believes that if ‘The Millionaire’s Club & Casino’ is marketed and promoted right, then it can turn into a tourist stopover as casinos are prohibited in India and China.
In a statement, SHL CEO Mike Bolsover said
The Company has been looking to invest in the Nepali tourism and recreation industry since 2011 and we are confident the Kathmandu development represents a huge opportunity given its proximity to India and China’s massive and growing middle class and Nepal’s cultural affinity with its Southern neighbour
The casino is opened for business between 6 pm and 2 am and has plans to operate 24/7 in the near future. All casino staff have been extensively trained to provide customers with a world class casino experience. The SHL group plans to invest into Nepal and start construction of a hotel and conference facility in Bhairahawa in the coming months.
The SHL group specializes in gaming investment and focuses on planning, implementing and managing slot machines and electronic table games in Macau, Cambodia, Philippines, Laos and Vietnam. The group also runs gambling operations on cruise ships that sail on international sea routes that have no gambling restrictions.
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Australian-listed boutique casino operator Silver Heritage Group has moved to start another casino-cum-resort in Jhapa in eastern Nepal.
Silver Heritage Casino Nepal Price
The group, which operates the Tiger Palace Casino Resort in Bhairahawa, said that it had completed the process of purchasing land for the planned new property named Tiger Palace Resort Jhapa. The total cost of the project has not been revealed.
“The land deal has been finalized. Construction is expected to commence soon,” Brett Model, general manager of Hotel at Tiger Palace, told the Post. “Jhapa’s property has targeted customers from two Indian states—Bihar and Sikkim. We are also looking at the Bangladeshi market which is not far away from Nepal.” In a filing to the Australian Securities Exchange, the company said that it had paid a sum of Rs361.3 million ($3.2 million), including taxes and fees, for 74,500 square metres of land. According to the company, it finally managed to secure the land after a previous unsuccessful attempt. The plan was announced in July 2016.
Silver Heritage currently manages two casinos in Nepal—the Millionaire’s Club at the Shangri-La Hotel in Kathmandu and the Tiger Palace Resort in Bhairahawa. The second property was launched in December 2017.
The Tiger Palace Resort was awarded a five-star rating by the Department of Tourism in November. Built at a cost of $52 million, the Tiger Palace Resort was classified as Nepal’s first five-star casino resort.
The trade and industrial hub of Bhairahawa, located in the southern Tarai plains close to the Indian border, is also the gateway to Lumbini, the birthplace of the Buddha, and the site of the country’s second international airport which is expected to be completed by July 2019.
The resort is a 15-minute drive from Bhairahawa Airport and an 18-minute drive from the Indian border. The Tiger Palace Resort has targeted Indian customers since the commencement of operations. Its primary target market is the big Indian population living along the 1,700-km border connecting Uttar Pradesh, Bihar and West Bengal, besides Delhi, Mumbai and other key Indian cities. The 100-room property is the first integrated five-star casino resort in South Asia. In the second phase, Silver Heritage plans to offer 400 guest rooms.
Tiger Palace is spread over 15 bighas and features two villas, a gym, spa, swimming pool, restaurants and meeting and banquet facilities suitable for weddings. The resort provides access to customers to a 2,471 square-metre casino floor.
Earlier this year, Silver Heritage was embroiled in a legal battle with its local partner Rajendra Bajgain. The dispute was settled out of court with the Nepali partner selling his 10 percent share to Silver Heritage. The 500,000 shares were purchased by Tiger Kathmandu Investment.